3 ms·
Isn’t this just “Baumol’s cost disease”? All of these are services and services have had their price go up faster than inflation (while goods have had their pro
by zeroonetwothree 4y ago
Isn’t this just “Baumol’s cost disease”? All of these are services and services have had their price go up faster than inflation (while goods have had their problems go up slower). It’s kind of meaningless because money is fungible, so if Disneyland costs 2x what it did in 1960 (in real terms but your clothes cost 1/2 as much then you could be saving money overall. In fact that’s why they have CPI in the first place!